Hartalega 2Q net profit jumps more than 4-fold to RM545m


Hartalega CEO Kuan Mun Leong said the Covid-19 pandemic continues to drive heightened global demand for medical supplies, including gloves which are critical personal protective equipment.

KUALA LUMPUR: Hartalega Holdings Bhd's net profit jumped 424% to RM544.96mil in the second quarter ended Sept 30,2020 from RM103.86mil a year ago, riding on the surge in demand due to the on-going Covid-19 pandemic.

The glove maker reported on Tuesday its revenue increased by 89.7% to RM1.34bil from RM709.42mil. Its earnings per share were 15.95 sen compared with 3.09 sen.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Hartalega , gloves , selling price , pandemic

   

Next In Business News

Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms
Stocks hit by tech slide; yen flails at intervention zone
Toyota hits record annual output, sales on robust demand
Solarvest delivers 8.9MWP solar project to NTPM
Investors take profit amid regional weakness
Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger
Agricore gets Bursa nod to list on ACE Market

Others Also Read